StoneX Group (NASDAQ:SNEX) Sets New 52-Week High – Time to Buy?

Shares of StoneX Group Inc. (NASDAQ:SNEX) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $105.71 and last traded at $105.41, with a volume of 40062 shares changing hands. The stock had previously closed at $104.56.

StoneX Group Trading Up 0.7 %

The company has a quick ratio of 1.30, a current ratio of 1.80 and a debt-to-equity ratio of 1.26. The firm has a market cap of $3.35 billion, a P/E ratio of 13.14 and a beta of 0.75. The firm’s 50-day simple moving average is $89.32 and its 200 day simple moving average is $81.32.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, Director John Moore Fowler sold 1,800 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $100.14, for a total value of $180,252.00. Following the sale, the director now directly owns 81,375 shares in the company, valued at $8,148,892.50. This represents a 2.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sean Michael Oconnor sold 37,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $98.42, for a total transaction of $3,690,750.00. Following the completion of the transaction, the chief executive officer now directly owns 506,994 shares in the company, valued at approximately $49,898,349.48. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 16.24% of the company’s stock.

Hedge Funds Weigh In On StoneX Group

A number of hedge funds and other institutional investors have recently bought and sold shares of SNEX. Quest Partners LLC increased its position in shares of StoneX Group by 9,133.3% during the 2nd quarter. Quest Partners LLC now owns 554 shares of the company’s stock valued at $42,000 after purchasing an additional 548 shares during the last quarter. Huntington National Bank grew its position in StoneX Group by 1,906.9% during the third quarter. Huntington National Bank now owns 582 shares of the company’s stock valued at $48,000 after acquiring an additional 553 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of StoneX Group during the second quarter worth approximately $68,000. Evergreen Capital Management LLC bought a new stake in shares of StoneX Group in the 2nd quarter worth approximately $201,000. Finally, Sawgrass Asset Management LLC purchased a new stake in shares of StoneX Group in the 2nd quarter valued at $211,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Company Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.